Trinity Fund Advisors has completed a final close of its Trinity GP Fund I, the firm’s inaugural U.S. discretionary commingled real estate fund, with $520 million in capital commitments.
The fund was oversubscribed, significantly exceeding its $315 million fundraising target, with commitments coming from a wide range of institutional investors, sovereign wealth funds, domestic and international family offices, and high-net-worth individuals.
Trinity GP Fund I was one of the largest U.S. hospitality-focused real estate private equity funds targeting value-added investments in upscale and luxury resorts and hotels in the United States, according to the firm. Based on the strength of Trinity’s pipeline, the firm expects to generate significant co-investment opportunities for its strategic partners over the next three years.
Trinity GP Fund I will seek to acquire a portfolio of hotels primarily in the top 25 U.S. markets. Trinity believes the current dislocation